Tuesday September 27, 2016

ROYAL MESS Monarch Airlines Quash Insolvency Rumours

Monarch Airlines, one of the main competitors on the UK to Lanzarote route, have moved to quash recent internet rumours that they are currently on the brink of insolvency.

The Luton based firm, who are ultimately owned by Greybull Capital, became the focus of a twitter fuelled whispering campaign over the weekend, which suggested that the low cost airline may be on the verge of going out of business. However the company released a statement yesterday that confirmed that all flights are operating as normal.

The holiday travel sector is still stalked by uncertainty after the collapse of Low Cost Holidays earlier this year and tougher market conditions are proving challenging for many operators, including Monarch. Who are also hoping to announce a significant round of new investment from their stakeholders over the coming days.